Answered: How will a company like Kibbles and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Similar questions

WHAT IS BUSINESS PORTFOLIO OF JOLLIBEE FOODS CORPORATION? WHAT IS THE PARENTING RELATIONSHIP OF JOLLIBEE FOODS CORPORATION?
What are the advantages of having a business plan? What are the common challenges encountered in creating a business plan? Describe each.
Following mini-case scenarios involve ethical dilemmas associated with projectmanagement. How would you respond to each situation, and why? Ryman PharmaceuticalsYou are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville, Tennessee. Youhave just completed conductivity tests of a new electrochemical compound. The results exceededexpectations. This new compound should revolutionize the industry. You are wondering whether to callyour stockbroker and ask her to buy $20,000 worth of Ryman stock before everyone else finds out aboutthe results. What would you do and why?
Based on the BDC Entrepreneur Self-Assessment feedback below, identify one area noted for personal development. Explain why you have chosen this area for personal development and why this would be important in the context of introduction to entrepreneurship and life in general. Identify SMART Objectives (S-Specific; M-Measurable; A-Attainable; R-Realistic; and T-Timely) Your motivations 60/76 Need for achievement/success:17/20 The lure of power/control:18/20 Need for challenges / ambition:18/20 Self-sufficiency / freedom:7/16 Your aptitudes 70/80 Perseverance / determination:16/16 Self-confidence/enthusiasm:13/16 Tolerance towards ambiguity/resistance to stress:19/24 Creativity/imagination:22/24 Your attitudes 37/44 A belief in their ability to influence destiny:18/24 Action-oriented:19/20
By design, this POE is intended to awaken your inner creativity! You will walk the journey of anentrepreneur. Starting with nothing other than a problem, by the end of this POE you will have anentrepreneurial idea to solve the problem and a business plan that you can present to potentialinvestors to kick-start your business.We have provided you with selected areas of development/themes as per the National DevelopmentPlan. Consider any one of the areas/themes provided, with the view of coming up with a creative,realistic and innovative idea to help address a problem associated with your chosen area/theme. Theareas/themes provided below are quite broad and requires you to do some research beforeidentifying an angle that you would take on. For example, “Improving Education, Training andInnovation” (theme two), concerns several aspects such as early childhood development, furthereducation and training and higher education. Similarly, “Promoting Health” (theme three) extendsbeyond medical…
Based on the BDC Entrepreneur Self-Assessment feedback below identify two areas noted as a personal strength and as to why these areas would be a personal strength. Your motivations 60/76 Need for achievement/success:17/20 The lure of power/control:18/20 Need for challenges / ambition:18/20 Self-sufficiency / freedom:7/16 Your aptitudes 70/80 Perseverance / determination:16/16 Self-confidence/enthusiasm:13/16 Tolerance towards ambiguity/resistance to stress:19/24 Creativity/imagination:22/24 Your attitudes 37/44 A belief in their ability to influence destiny:18/24 Action-oriented:19/20
what are two links discovered online that would prove to be helpful resources to entrepreneurs. Explain why you think they are good resources SPECIFIC to entrepreneurs.
How was the concept of shared value (the idea—advanced by Michael Porter and Mark Kramer from Harvard Business School—that companies should generate economic value in ways that promote social good.) utilized by Lifebuoy? Why do you think gaining internal support is important for bringing business value and social good together?
Consider the statement, “The only thing in business that does not change is the need to change.” Do you agree? What are your views on this saying?
Why do you think there’s a need to create a Business Plan before implementing the business?
why it is important to know the interrelationship between Entrepreneurial Behaviour and Attitudes, Economic Complexity and Sustainable Development? Why should we discover this interrelationship? What does it matter? Why it is important? What are its usages? What is the use of understanding this interrelationship?
Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.

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How will a company like Kibbles and Bits inspire and motivate people with a mission or purpose?